Radiation Curable Coatings Market Report by Ingredient (Oligomers, Monomers, Photoinitiators, Additives), Type (Ultraviolet Curing, Electron Beam Curing), Application (Paper and Film, Printing Inks, Plastics, Wood, Glass, and Others), and Region 2024-2032

Radiation Curable Coatings Market Report by Ingredient (Oligomers, Monomers, Photoinitiators, Additives), Type (Ultraviolet Curing, Electron Beam Curing), Application (Paper and Film, Printing Inks, Plastics, Wood, Glass, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A4652
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Market Overview:

The global radiation curable coatings market size reached US$ 8.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 8.1 Billion
Market Forecast in 2032
US$ 11.9 Billion
Market Growth Rate 2024-2032 4.3%


Radiation curable coatings comprise reactive liquid, pigments, and additives that are cured using high-intensity radiation energy from visible light, ultraviolet (UV) energy, or low energy electrons (EB). These coatings have a long service life and high performance, require low energy costs, improve surface properties, and protect against corrosion. They also offer low levels of volatile organic compounds (VOCs) and enhance resistance against scratch, impact, abrasion, chemical, and mechanical. Consequently, they find applications in various end use industries to improve the durability, function, and aesthetic appeal of components and products made using glass, plastic, metal, and wood.

Global Radiation Curable Coatings Market

Radiation Curable Coatings Market Trends:

The extensive usage of radiation curable coatings in various industry verticals represents one of the key factors bolstering the market growth. For instance, they are employed in the automotive industry to manufacture scratch-resistant keyboards, key panels, gear levers, and other vehicle components. This, in confluence with the escalating demand for advanced infotainment systems in cars, is stimulating the market growth. Moreover, the emerging trend of automated products for household activities is driving the adoption of radiation curable coatings in making domestic electronic appliances, such as microwaves, ovens, dishwashers, and refrigerators. They also find usage in the printing and packaging of plastic bottles, eyeglass lenses, yogurt pots, polystyrene cups, advertising materials, and cellphone and television (TV) set casings. Apart from this, they find extensive application in the manufacturing of fiber optic cables that are widely used in internet cables to transmit large amounts of data at high speed. Furthermore, due to their easy installation and bond strength properties, the demand for radiation curable coatings is anticipated to expand in wood furniture and tubing steel pipes for oil drilling.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global radiation curable coatings market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on ingredient, type and application.

Breakup by Ingredient:

radiation curable coatings market report

  • Oligomers
  • Monomers
  • Photoinitiators
  • Additives
     

Breakup by Type:

  • Ultraviolet Curing
  • Electron Beam Curing
     

Breakup by Application:

  • Paper and Film
  • Printing Inks
  • Plastics
  • Wood
  • Glass
  • Others
     

Breakup by Region:

radiation curable coatings market report

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Akzo Nobel N.V., Allnex (PTT Global Chemical Public Company Limited), Ashland Global Specialty Chemicals Inc., Axalta Coating Systems Ltd., BASF SE, DIC Corporation, Dymax Corporation, Evonik Industries AG, Momentive Performance Materials Inc., PPG Industries Inc. and The Sherwin-Williams Company.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Ingredient, Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 3M Company, Akzo Nobel N.V., Allnex (PTT Global Chemical Public Company Limited), Ashland Global Specialty Chemicals Inc., Axalta Coating Systems Ltd., BASF SE, DIC Corporation, Dymax Corporation, Evonik Industries AG, Momentive Performance Materials Inc., PPG Industries Inc., The Sherwin-Williams Company
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global radiation curable coatings market was valued at US$ 8.1 Billion in 2023.

We expect the global radiation curable coatings market to exhibit a CAGR of 4.3% during 2024-2032.

The rising demand for radiation curable coatings across various industries, such as automotive, electronics, packaging, etc., as they aid in improving the durability, function, and aesthetic appeal of components and products made using glass, plastic, metal, and wood is primarily driving the global radiation curable coatings market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for radiation curable coatings.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global radiation curable coatings market include 3M Company, Akzo Nobel N.V., Allnex (PTT Global Chemical Public Company Limited), Ashland Global Specialty Chemicals Inc., Axalta Coating Systems Ltd., BASF SE, DIC Corporation, Dymax Corporation, Evonik Industries AG, Momentive Performance Materials Inc., PPG Industries Inc., and The Sherwin-Williams Company.

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Radiation Curable Coatings Market Report by Ingredient (Oligomers, Monomers, Photoinitiators, Additives), Type (Ultraviolet Curing, Electron Beam Curing), Application (Paper and Film, Printing Inks, Plastics, Wood, Glass, and Others), and Region 2024-2032
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